Bank AlJazira First Quarter 2024 Earnings: EPS: ر.س0.29 (vs ر.س0.20 in 1Q 2023)

Bank AlJazira (TADAWUL:1020) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س833.0m (up 15% from 1Q 2023).
• Net income: ر.س300.0m (up 47% from 1Q 2023).
• Profit margin: 36% (up from 28% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س0.29 (up from ر.س0.20 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bank AlJazira Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Saudi Arabia.

Performance of the Saudi Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Bank AlJazira, and understanding it should be part of your investment process.

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